How is The Printer Cartridge Market Growing?

Printer cartridges are the replaceable components used in printers and they are there to produce printed output onto paper. They are an essential component of all printers and they come in different types depending on the technology that is used by the printer. The two types of printer cartridges are ink and toner cartridges. Ink cartridges are used predominantly in inkjet printers whereas toner cartridges are used in laser printers. 

Printer cartridges are a crucial part of all printing devices and they have to be replaced periodically to ensure optimal performance and high-quality prints.

The global printer cartridge market

The global ink & toner cartridges market is projected to grow at a CAGR of 5.5% from 2022 to 2030. The growth in the market can be attributed to the increasing demand for ink & toner cartridges from the commercial sector and rising awareness about printer cartridge recycling. In terms of type, the ink cartridge segment is projected to dominate the market during the forecast period, owing to its high adoption in printers across various industries. In terms of application, supermarkets/hypermarkets are projected to account for a major share of the global ink & toner cartridges market during 2022-2030. This can be attributed to their large customer base and widespread presence across regions.

The Indian printer cartridge market

The Indian printer cartridge market is supported by the growth of the ink and toner cartridge market in the country. The Indian ink and toner cartridge market stood at a value of nearly USD 456 million in 2020. The ink and toner cartridge industry in India is further estimated to grow at a CAGR of 15% between 2023 and 2028 to reach a value of USD 1055 million by 2027.

The Indian printer cartridge industry is being driven by the growth of the print consumables market in the region, alongside the expanding printer industry. The consumables market relies directly on the number of installed printers in the region. The market potential for compatible cartridges, among different types of printer cartridge, is good due to the high cost of OEM cartridges and low quality of refilled cartridges and remanufactured cartridges.

Ink Cartridges

Containing a quantity of black or coloured liquid ink, ink cartridges are used exclusively in inkjet printers. Inkjet printers are fitted with a series of powerful nozzles, and heat and pressure are used to drip the liquid ink onto the page where required. The ink contains a complex blend of pigments and dyes, which aids page retention and produces a more accurate colour.

An ink cartridge is part of an inkjet printer that stores ink for printing. Every ink cartridge has one or several ink reservoirs. Manufacturers attach a specific chip and contacts on the cartridge so they can connect with a compatible printer.

Ink cartridges contain black or colored liquid ink and work only with inkjet printers. Ink cartridges are installed on InkJet printers built with powerful jets that spray liquid ink on a page. The ink has an intricate blend of dyes and pigments that produce precise color that lasts long.

This type is often used by photographers and home offices.

Toner Cartridges

In essence – toner is a dry, complex carbonised powder containing microscopic plastic particles. Toner is used in laser printing, whereby the powder is electronically charged, heated and applied to the paper via a rotating drum inside the machine. This process allows for fast, efficient printing – particularly for large print jobs.

Toner cartridges are also called laser toners because they are consumable components of laser printers. Toner is a dry and intricate powder with microscopic plastic particles. It is used for laser printing where the powder is heated, charged electronically, and set on paper through a rotating drum within the machine. 

The process of laser printing results in fast and efficient prints suitable for large printing projects. Toner cartridges don’t stain like ink cartridges, but they are very accurate at printing crisp and almost perfect texts. 

Consumers who print a lot will likely buy a laser printer with a toner ink cartridge because of their abundant page yield. 

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